Code No. 1662
June 3, 2013
Osamu Watanabe, President
Japan Petroleum Exploration Co., Ltd. (JAPEX)
1-7-12 Marunouchi, Chiyoda-ku, Tokyo
To All Shareholders:

Notification of the Convocation to
the 43rd Ordinary General Meeting of the Shareholders
The 43rd Ordinary General Meeting of the Shareholders of Japan Petroleum Exploration Co., Ltd. (hereinafterreferred to as the “JAPEX”) will be held according to the details below, and we kindly ask for your attendance.
If you are unable to attend the meeting, you may exercise your voting rights through a written document (Voting
Rights Exercise Form) or by electronic means (via the Internet). Please read the attached “Reference Documents
for Shareholders Meeting,” and exercise your voting rights after referring to “4. Guidance on the Exercise of
Voting Rights” on the following page, prior to 5:35 p.m., Monday, June 24, 2013.
Thank you very much for your attention and cooperation.
Details:
1. Date and Time:
2. Location:
3. Agenda:
Announcements:

10:00 a.m., June 25, 2013 (Tuesday)
Tokyo Station Conference “Sapia Hall” (Sapia Tower 5F)
1-7-12 Marunouchi, Chiyoda-ku, Tokyo
1) Business report and consolidated financial report of the 43rd Term (from April 1,2012 to March 31, 2013), and audit reports from the accounting auditor and Boardof Corporate Auditors on the consolidated financial report2) Financial report of the 43rd Term (from April 1, 2012 to March 31, 2013)

Resolution items:
Item 1:
Appropriation of Surplus
Item 2:
Election of Fourteen (14) Directors
Item 3:
Election of Two (2) Corporate Auditors
Item 4:
Awarding Retirement Benefits to Retiring Directors and Retiring Corporate Auditor
Item 5:
Payment of Bonuses to Corporate Auditors
Item 6:
Revision to Remuneration for Corporate Auditors

NOTE: This document is an abridged translation of the Japanese “Notification of the Convocation to the 43rd
Ordinary General Meeting of the Shareholders” “Reference Documents for Shareholders Meeting” and“Financial Report” of JAPEX. This translation is intended for reference and convenience purposes only. In theevent of any discrepancy between this translation and the Japanese original, the original shall prevail. JAPEX
does not guarantee the accuracy and/or the completeness of this translation and shall have no liability for any
errors or omissions therein.

1

4. Guidance on the Exercise of Voting Rights[Exercise of Voting Rights in Writing (Voting Rights Exercise Form)]
Please indicate your approval or disapproval of each proposition on the enclosed Voting Rights Exercise
Form and then send it back so that it reaches us no later than 5:35 p.m., Monday, June 24, 2013.
[Exercise of Voting Rights by Electronic Means (via the Internet)](1) To exercise your voting rights via the Internet, you must use the following voting service website(http://www.it-soukai.com/ or https://daiko.mizuho-tb.co.jp/) designated by the Company. You arecordially requested to exercise your voting rights via the Internet prior to 5:35 p.m., Monday, June 24, 2013.
(2) Please register your approval or disapproval of each proposition, by using the code and password provided
at the bottom right side of your Voting Rights Exercise Form enclosed herewith and following thedirections on the screen. Please check the “Guidance on the Exercise of Voting Rights via the Internet”
shown on page 15 and 16 of this notice for the details.
[Treatment of Voting Rights Exercised Repeatedly](1) If you exercise your voting rights both in writing and via the Internet, we will only accept the exercise ofyour voting rights via the Internet as valid.
(2) If you exercise your voting rights more than once via the Internet, we will only accept the last exercise ofyour voting rights as valid.

*Upon your arrival at the Ordinary General Meeting of Shareholders, please submit the enclosed Voting Rights Exercise Formto the venue reception. Thank you.
*In case the Reference Documents for Shareholders Meeting, or business report, financial report or consolidated financial
report is modified, such modification shall be posted on the JAPEX website. (http://www.japex.co.jp/)2Reference Documents for Shareholders Meeting
Item 1: Appropriation of Surplus
JAPEX employs the basic policy of long-term, stable distribution of dividends in considering the retained
earnings for investment in new oil and gas reserves inside and outside Japan and the development oftransportation systems, including pipelines, as well as respecting the return of profits to our shareholders.
JAPEX will continue stable distribution of dividends to our shareholders based on this basic policy,
although a net loss was incurred for the fiscal year ended March 31, 2013.
The 43rd term year-end dividends and other appropriations of surplus will be as follows:
1. Details Concerning the Year-End Dividends(1) Type of dividend property: Money(2) Distribution and total amount of dividend property:
20 yen per share of common stock
Total amount of dividends: 1,143,052,740 yen(3) Effective date of distribution of surplus: June 26, 2013
2. Details Concerning Other Appropriations of Surplus(1) Item and amount of reduced surplus
General Reserve: 10,000,000,000 yen(2) Item and amount of increased surplus
Retained earnings brought forward: 10,000,000,000 yen
Item 2: Election of Fourteen (14) Directors
Upon closing of this general meeting of shareholders, the terms of office of all fourteen (14) Directors of theBoard: Yuji Tanahashi, Osamu Watanabe, Hiroshi Sato, Shoichi Ishii, Toshio Ibi, Mitsuru Saito, Junichi
Matsumoto, Nobuyuki Ogura, Nobuaki Moritani, Hitoshi Yamatoya, Kazuo Nakayama, Kiyoshi Ogino,
Hikaru Fukasawa, and Kazuo Kawakami will expire. We kindly ask our shareholders to elect fourteen (14)Directors.
The candidates for Director are as listed below:
JAPEX
Name
Brief history, Position and responsibilities in JAPEX or
CandidatesharesNo.
(Date of birth)
Significant positions concurrently held
owned
April 1958 Joined The Ministry of International Trade and Industry(hereinafter referred to as the “MITI”)
June 1991
Vice Minister of International Trade and Industry
Aug. 1997 Chairman at New Energy Foundation
Yuji Tanahashi
18,800June 2001
President at JAPEX
1(October 13, 1934) June 2008
sharesChairman (up to the present date)<Significant positions concurrently held>
Director at Canada Oil Sands Co., Ltd.
Director at JAPEX Offshore, Ltd.

2

Osamu Watanabe(December 6, 1940)

April 1964
July 1997
July 2002
June 2007
June 2008

Joined MITI
Vice Minister of International Trade and Industry
Chairman at Japan External Trade Organization
Executive Vice President at JAPEX
President (up to the present date)<Significant positions concurrently held>
President at JAPEX Offshore, Ltd.
President at JAPEX Garraf Ltd.
Chairman at JAPEX Montney Ltd.

3

16,200sharesCandidate
No.

Name
(Date of birth)

Brief history, Position and responsibilities in JAPEX or
Significant positions concurrently held
April 1970
June 1999
June 2002

3

June 2005
June 2006
Hiroshi Sato
June 2007(January 22, 1947) June 2010

April 1973
June 1999
June 2003
June 2005
4

5

Shoichi Ishii(September 23, 1949)

Mitsuru Saito(June 19, 1950)

June 2006
June 2007
June 2011
Nov. 2012

April 1973
June 1999
June 2003
June 2005
June 2006
June 2007
June 2010
June 2011

April 1973
June 2006
June 2007
June 2008
6

Junichi Matsumoto(September 27, 1949) April 2009

Aug. 2012
Nov. 2012

Joined JAPEX
General Manager of Finance & Accounting Dept.
Director, General Manager of Finance & Accounting
Dept.
Managing Executive Officer
Managing Director
Senior Managing Director
Executive Vice President (up to the present date)<Significant positions concurrently held>
Director at Sakhalin Oil and Gas Development Co., Ltd.
Corporate Auditor at JAPEX Garraf Ltd.
Corporate Auditor at TOHOKU NATURAL GAS Co.,Inc.
Corporate Auditor at INPEX Corp.
Joined JAPEX
General Manager of Corporate Planning Dept.
Director, General Manager of Corporate Planning Dept.
Managing Executive Officer, General Manager ofNagaoka Division Office
Managing Director, General Manager of Nagaoka
Division Office
Managing Director
Senior Managing Director
Senior Managing Director, President of Soma Project
Division (up to the present date)<Significant position concurrently held>
Director at JAPEX Energy Co., Ltd.
Joined JAPEX
General Manager of Administration Dept.
General Manager of Personnel Dept.
Executive Officer, General Manager of Personnel Dept.
Managing Executive Officer
Managing Director
Managing Director, President of International Oil & Gas
DivisionManaging Director, President of Americas & Russia
Project Division (up to the present date)<Significant position concurrently held>
President at JAPEX Montney Ltd.
Joined JAPEX
Executive Officer
Managing Executive Officer, Vice President ofDevelopment Division
Managing Director, Vice President of Development
DivisionManaging Director
Managing Director, President of Domestic Project
DivisionManaging Director, President of Domestic Project
Division and Vice President of Soma Project Division(up to the present date)

4

JAPEX
sharesowned

4,500
shares

4,100
shares3,100
shares

1,300
sharesCandidate
No.

Name
(Date of birth)

Brief history, Position and responsibilities in JAPEX or
Significant positions concurrently held
April 1975
April 2001
April 2003
June 2006
June 2008

7

Nobuyuki Ogura(May 14, 1952)

June 2010
June 2011
June 2012
Aug. 2012

April 1976
June 1999
Dec. 2001
June 2007
June 2009
Nov. 20098

Hitoshi Yamatoya(June 5, 1951)

May 2010
June 2010
Nov. 2012

April 1973
June 2007
June 20099Feb. 2010
Kazuo Nakayama(August 4, 1950) June 2011
June 2012

Joined JAPEX
General Manager of Overseas Exploration Dept. II,
Exploration Division
General Manager of Overseas Exploration Dept.,
Exploration Division
Executive Officer
Managing Director, Vice President of Exploration
DivisionManaging Director, President of Exploration Division
Managing Director, President of Technical Division
Managing Director, President of Technical Division andPresident of Domestic Project Division
Managing Director, President of Technical Division(up to the present date)<Significant positions concurrently held>
Director at JGI, Inc.
Director at JAPEX Offshore, Ltd.
Joined JAPEX
General Manager of Marketing & Sales Development
Dept., Marketing & Sales Division
General Manager of Marketing & Sales Dept. I,
Marketing & Sales Division
Executive Officer, Vice President of Marketing & Sales
DivisionManaging Executive Officer, Vice President ofMarketing & Sales Division
Managing Executive Officer, Vice President ofMarketing & Sales Division and General Manager ofMarketing & Sales Dept. II
Managing Executive Officer, Vice President ofMarketing & Sales Division
Managing Director, President of Marketing & Sales
DivisionManaging Director, President of Marketing & Sales
Division and Vice President of Soma Project Division(up to the present date)<Significant positions concurrently held>
Director at TOHOKU NATURAL GAS Co., Inc.
Director at Kitakyushu LNG Sales and Lorry Transport
Corp.
Joined JAPEXManaging Executive Officer, Advisor to President of
Exploration Division
Managing Executive Officer, Vice President ofInternational Oil & Gas Division
Managing Executive Officer, Advisor to President of Iraq
Project Division
Managing Director, Vice President of Middle East,
Africa & Europe Project Division
Managing Director, President of Middle East, Africa &Europe Project Division (up to the present date)<Significant positions concurrently held>
Director at JAPEX Garraf Ltd.
Director at JJI S & N B.V.

5

JAPEX
sharesowned

3,500
shares2,400
shares

1,900
sharesCandidate
No.

Name
(Date of birth)

Brief history, Position and responsibilities in JAPEX or
Significant positions concurrently held
April 1977
May 2007

10

11

12*

13*

Joined JAPEX
General Manager of Second Project Dept., International
Oil & Gas Division
July 2008
General Manager of First Project Dept., International Oil& Gas Division
June 2009
Executive Officer, Vice President of Development
Division
Kiyoshi Ogino
April 2010 Executive Officer, President of Development Division(October 22, 1950) June 2010
Managing Executive Officer, President of Development
Division
June 2011
Managing Director, President of Domestic Project
Division
June 2012Managing Director (up to the present date)<Significant positions concurrently held>
President at Canada Oil Sands Ltd.
Chairman at Japan Canada Oil Sands Ltd.
April 1979 Joined JAPEX
Sep. 2004
General Manager of Domestic Exploration Dept.,
Exploration Division
June 2009
Executive Officer, Advisor to President of Exploration
Division
March 2010 Executive Officer, General Manager of Nagaoka District
OfficeExecutive Officer, General Manager of Nagaoka District
Hikaru Fukasawa June 2011
(December 21, 1954)
Office, Domestic Project Division
June 2012Managing Director, General Manager of Nagaoka
District Office, Domestic Project Division(up to the present date)<Significant positions concurrently held>
President at JAPEX Pipeline Ltd.
President at North Japan Security Service Co., Ltd.
Director at JAPEX Offshore, Ltd.
April 1978 Joined JAPEX
Sep. 2003
General Manager of Procurement Dept.
June 2007
General Manager of Administration Dept.
Yosuke Higai
June 2009
Executive Officer, General Manager of Administration(April 9, 1955)
Dept.
June 2010
Executive Officer
June 2012Managing Executive Officer (up to the present date)
April 1977 Joined JAPEX
June 2003
Chief Representative of Jakarta Office
July 2008
General Manager of Second Project Dept., International
Oil & Gas Division
May 2009
General Manager of Kangean Project Dept.
Shigeru Mitsuya
June 2010
Executive Officer, Vice President of International Oil &(April 15, 1953)
Gas Division
June 2011
Executive Officer, Vice President of Asia & Oceania
Project Division
June 2012Managing Executive Officer, Vice President of Asia &Oceania Project Division (up to the present date)

JAPEX
shares
owned

6

2,200
shares

1,700
shares2,100
shares600
sharesCandidate
No.

Name
(Date of birth)

Brief history, Position and responsibilities in JAPEX or
Significant positions concurrently held
April 1958
Jan. 1983

14

Sep. 1989
Kazuo Kawakami(April 26, 1933) May 1991
June 2007

Appointed prosecutor
Head of Special Investigation Force, The Tokyo District
Public Prosecutors Office
Chief of Trial Proceedings, Supreme Public Prosecutors’
OfficeRecorded attorney (Daiichi Tokyo Bar Association)(up to the present date)Director at JAPEX (up to the present date)<Significant position concurrently held>
Attorney

JAPEX
sharesowned

1,000
shares(Notes) 1. The candidates noted with asterisk are newly appointed candidates for Director.
2. Osamu Watanabe, a candidate, is concurrently serving as the Chairman at JAPEX Montney Ltd., and Mitsuru
Saito, a candidate, is concurrently serving as the President at JAPEX Montney Ltd., to which JAPEX is lending
funds. No significant interest-based relationship exists between other candidates for Director and JAPEX.
3. Kazuo Kawakami is a candidate for Outside Director. We submitted to the Tokyo Stock Exchange a report that
we had elected him as an Independent Officer. If he is reelected, he will continue to work as an Independent
Officer.
4. While having no experience of being directly involved in corporate management, Kazuo Kawakami is judged tobe qualified to be an Outside Director and appointed as a candidate for that post in the hope that he will enablefurther appropriate execution of our business by supervising our management and making extensive proposals on
the basis of knowledge and experience as a legal expert.
5. At the end of this general meeting of shareholders, Kazuo Kawakami will have served as an Outside Director of
JAPEX for six (6) years.

Item 3: Election of Two (2) Corporate Auditors
Upon closing of this general meeting of shareholders, the terms of office of Corporate Auditors Ken Fujii
and Morio Ishizeki will expire. We kindly ask our shareholders to elect two (2) Corporate Auditors.
The candidates for Corporate Auditor are as listed below.
The Board of Corporate Auditors consented to this proposal.
JAPEX
Name
Brief history, Position in JAPEX or
CandidatesharesNo.
(Date of birth)
Significant positions concurrently held
owned
April 1974 Joined JAPEX
June 2004
General Manager of Operations Dept., Development
Division
June 2007
Managing Executive Officer
Nov. 2008
Managing Executive Officer, General Manager ofNobuaki Moritani
2,600
1*Sapporo Division Office (later General Manager of(February 2, 1952)
sharesHokkaido Division Office)June 2010
Managing Director, General Manager of Hokkaido
Division Office
June 2011
Managing Director, President of Asia & Oceania Project
Division (up to the present date)
April 1976 Joined JAPEX
June 2002
Senior Manager of Controlling Group, Finance &Morio Ishizeki
Accounting Dept.
1,2002(February 28, 1953) June 2005
Director at JAPEX SKS Corp.
sharesJune 2009
Full-time Corporate Auditor at JAPEX(up to the present date)(Notes) 1. The candidate noted with asterisk is a newly appointed candidate for Corporate Auditor.
2. No significant interest-based relationship exists between respective candidates for Corporate Auditor and
JAPEX.

7

Item 4: Awarding Retirement Benefits to Retiring Directors and Retiring Corporate Auditor
Upon closing of this general meeting of shareholders, Director Toshio Ibi, Director Nobuaki Moritani, andCorporate Auditor Ken Fujii will be retiring from their respective posts.
Therefore, retirement benefits shall be awarded according to the standards specified by JAPEX inrecognition of services during their respective tenures. We kindly ask our shareholders to allow deliberationby the Board of Directors with regard to the specific amount, period, and method of payment, etc. for theretiring Directors, and consultation among Corporate Auditors with regard to similar specific matters for theretiring Corporate Auditor.
Their brief histories are as follows:
Name
Brief history
June 2007 Managing Director, General Manager of Sapporo Division OfficeNov. 2008 Managing Director, Vice President of International Oil & Gas Division
Toshio Ibi
June 2011 Senior Managing Director (up to the present date)June 2010 Managing Director, General Manager of Hokkaido Division OfficeNobuaki Moritani June 2011 Managing Director, President of Asia & Oceania Project Division(up to the present date)
Ken Fujii
June 2009 Full-time Corporate Auditor at JAPEX (up to the present date)
Item 5: Payment of Bonuses to Corporate Auditors
Bonus payments will not be made to the Directors and a total bonus amount of 4,800,000 yen will be paid tofour (4) Corporate Auditors tenured during the fiscal year ended March 31, 2013, in view of the performanceof the fiscal year ended March 31, 2013.
Item 6: Revision to Remuneration for Corporate Auditors
The amount of remuneration for the Corporate Auditors of JAPEX was resolved at the 36 th Ordinary
General Meeting of Shareholders held on June 27, 2006 to be within 5 million yen per month, and the amount
has remained the same to date. We will revise it to be within 6 million yen per month, in view of the greater
responsibilities borne by Corporate Auditors in recent years and various other matters.
The number of Corporate Auditors is presently four (4) and when Item 3 is approved and resolved as
proposed, the number will also be four (4).

8Consolidated Balance Sheets(As of March 31, 2013)(Unit: millions of yen)Accounting titles(Assets)
Current assets
Cash and deposits
Notes and accounts receivable-trade
Short-term investment securities
Merchandise and finished goods
Work in process
Raw materials and supplies
Deferred tax assets
Short-term loans receivable
Other
Allowance for doubtful accounts
Noncurrent assets
Property, plant and equipment
Buildings and structures
Wells
Machinery, equipment and vehicles
Land
Construction in progress
Other
Intangible assets
Other
Investments and other assets
Investment securities
Long-term loans receivable
Deferred tax assets
Other
Allowance for doubtful accounts
Allowance for overseas investment loss
AssetsAmountAccounting titles(Liabilities)
Current liabilities
Notes and accounts payable-trade
Provision for directors’ bonuses
Provision for loss on disaster
Other

188,645
53,87032,33753,414
4,490
77
7,007 Noncurrent liabilities
1,210
Long-term loans payable
31,418Deferred tax liabilities
4,850
Provision for retirement benefits(31) Provision for directors’ retirement
benefits
Asset retirement obligations
336,526
Other
90,68334,607 Liabilities
5,130(Net assets)
28,989 Shareholders’ equity
12,175
Capital stock
2,957
Retained earnings
6,823
Treasury stock
10,394 Accumulated other comprehensive
10,394 income
235,449
Valuation difference on
177,304
available-for-sale securities
30,331
Deferred gains or losses on hedges
5,959
Foreign currency translation
26,515adjustment(31) Minority interests(4,630) Net assets
525,172 Liabilities and net assets(Amounts truncated to millions of yen)

9

Amount41,155
18,94723
122,18280,391
24,19731,9836,938
802
10,858
5,611
121,547
306,268
14,288291,990(10)
76,17378,310226(2,362)
21,183
403,625
525,172

Consolidated Statements of Income
From April 1, 2012
To March 31, 2013
(Unit: millions of yen)Accounting titles
Net sales
Cost of sales
Gross profit
Exploration expenses
Selling, general and administrative expenses
Operating income
Non-operating income
Interest income
Dividends income
Gain on sales of securities
Foreign exchange gains
Other
Non-operating expenses
Interest expenses
Loss on sales of securities
Loss on valuation of securities
Loss on valuation of derivatives
Other
Ordinary income
Extraordinary income
Gain on sales of noncurrent assets
Subsidy income
Gain on transfer of mining rights
Other
Extraordinary loss
Loss on retirement of noncurrent assets
Impairment loss
Other
Loss before income taxes and minority interests
Income taxes-current
Income taxes-deferred
Income before minority interests
Minority interests in income
Net lossAmount231,086
172,075
59,01013,08632,017
13,906
2,085
9,628
411
1,534
1,476
275
190
1
208
283
53
345
2,829
12
667
37,0940
3,352(10,279)(Amount truncated to millions of yen)10

15,135958
28,082

3,240

37,762
6,439(6,927)
487
1,352
865

Consolidated Statements of Changes in Net Assets
From April 1, 2012
To March 31, 2013
(Unit: millions of yen)
Shareholders’ equity

Balance at the end ofcurrent period
Changes of items during
the period
Dividends fromsurplus
Net loss
Change of scope ofequity method
Net changes of items
other thanshareholders' equity
Total changes of items
during the period
Balance at the beginningof current period

Capitalstock

Retainedearnings

14,288294,323

Accumulated other comprehensive income

Valuationdifference
Total
Treasuryonshareholders’stockavailableequity
for-salesecurities(10)308,601
89,366

Deferred
gains orlosses onhedgesForeigncurrencytranslation
adjustment

Total
accumulated
othercomprehensive income

Minority
interests

Total
net assets

20(5,391)

83,995

14,176

406,773(2,286)(2,286)(2,286)

(865)

(865)

(865)

817

817

817
(11,056)

206

3,028

(7,822)

7,007

(814)

－

(2,333)－(2,333)(11,056)

206

3,028

(7,822)

7,007(3,147)

14,288291,990(10)306,268

78,310226(2,362)

76,173

21,183

403,625(Amount truncated to millions of yen)

11

Balance Sheets(As of March 31, 2013)(Unit: millions of yen)Accounting titles(Assets)
Current assets
Cash and deposits
Accounts receivable-trade
Short-term investment securities
Merchandise and finished goods
Raw materials and supplies
Advance payments-trade
Prepaid expenses
Deferred tax assets
Accrued income
Short-term loans receivable
Short-term loans receivable fromsubsidiaries and affiliates
Accounts receivable-other
Advances paid
Other
Noncurrent assets
Property, plant and equipment
Buildings
Structures

Amount123,012
16,15024,762
34,269
4,352
6,055
1
437
1,045
346
26,999
5,467
89
825
2,210
330,394
67,054
8,758
19,775

Wells

1,296

Machinery and equipment
Vessels
VehiclesTools, furniture and fixtures
Land

21,052
0
7
1,664
9,638

Lease assets
Construction in progress
Wells in progress
Intangible assets
Leasehold right
Software
Other

4,175
684
2
924
154
637
132

Investment and other assets
Investment securities

262,414
139,451

Stocks of subsidiaries and affiliates
Long-term loans receivable
Long-term loans receivable from
employees
Long-term loans receivable fromsubsidiaries and affiliates

93,813
1,098

Long-term prepaid expenses
Other
Allowance for doubtful accounts
Allowance for overseas investment loss
Assets032,225

Accounting titles(Liabilities)
Current liabilities
Accounts payable-trade
Current portion of long-term loans payable
Lease obligations
Accounts payable-otherAccrued expenses
Income taxes payable
Advances received
Deposits received
Provision for directors’ bonuses
Provision for loss on disaster
Provision for loss on construction
contracts
Asset retirement obligations
Noncurrent liabilities
Long-term loans payable
Lease obligations
Deferred tax liabilities
Provision for retirement benefits
Provision for directors’ retirement
benefits
Provision for loss on business of
subsidiaries and affiliates
Asset retirement obligations
Other
Liabilities(Net assets)
Shareholders’ equity
Capital stock
Retained earnings
Legal retained earnings
Other retained earnings
Reserve for overseas investment
loss
Reserve for mine prospecting
Reserve for advanced
depreciation of noncurrent assets
Reserve for exploration
General reserve
Retained earnings brought
forwardTreasury stock

Valuation and translation
adjustments
Valuation difference on
2,325
available-for-sale securities
Deferred gains or losses on(15)
hedges(7,725) Net assets
453,406 Liabilities and net assets
1,241(Amount truncated to millions of yen)
12

Amount32,637
15,293
4,563
453
3,604
7,970
310
32
147
4
1
123
130
74,02624,1973,940
31,366
6,034
693
240
6,690
862
106,663

268,403
14,288254,125
3,572
250,553
4,261
21,309236
47,246
181,600(4,099)(10)
78,33978,30038
346,743
453,406

Statements of Income
From April 1, 2012
To March 31, 2013
(Unit: millions of yen)Accounting titles
Net sales
Cost of sales
Gross profit
Exploration expenses
Selling, general and administrative expenses
Operating income
Non-operating income
Interest income
Interest on securities
Dividends income
Foreign exchange gains
Other
Non-operating expenses
Interest expenses
Loss on sales of securities
Loss on valuation of securities
Provision for overseas investment loss
Loss on valuation of derivatives
Other
Ordinary income
Extraordinary income
Gain on sales of noncurrent assets
Gain on reversal of provision for loss on disaster
Extraordinary loss
Loss on retirement of noncurrent assets
Loss on sales of noncurrent assets
Impairment loss
Loss on support to subsidiaries and affiliates
Loss before income taxes
Income taxes-current
Income taxes-deferred
Net lossAmount174,604
128,233
46,3709,125
25,838
11,407
1,665
83
10,094
1,534
932
272
190
1
509
208
170
53
12
595
0
34,3172,750
1,238(5,751)(Amount truncated to millions of yen)13

14,3101,353
24,36465

37,663
13,233(4,512)
8,721

Statements of Changes in Net Assets
From April 1, 2012
To March 31, 2013
(Unit: millions of yen)

14,288

3,572

2,372

21,643258

47,246 171,600

18,440 265,133

Total shareholders’ equity(10) 279,410

1,972(1,972)

－

－

(83)

83

－

－

6,000

(6,000)－－(6,333)

6,333

－

－

2

(2)

－

－

(24)

24

－

－

10,000 (10,000)(2,286)(8,721)－(2,286)(8,721)－(2,286)(8,721)

－

－

1,889

(333)

(22)

14,288

3,572

4,261

21,309236

10,000(22,540) (11,007)－

47,246 181,600(4,099) 254,125(10) 268,403－

Valuation and translation adjustments

Balance at the end of current period
Changes of items during the period
Provision of reserve for overseas
investment loss
Reversal of reserve for overseas
investment loss
Provision of reserve formine prospecting
Reversal of reserve formine prospecting
Provision of reserve for advanced
depreciation of noncurrent asset
Reversal of reserve for advanced
depreciation of noncurrent assets
Provision of general reserve
Dividends from surplus
Net loss
Net changes of items other thanshareholders' equity
Total changes of items during the period
Balance at the beginning of current period

Treasury stock

Total retained
earnings

Retained earnings
brought forward

General reserve

Reserve for
exploration

Reserve for advanced
depreciation of
noncurrent assets

Reserve for mineprospecting

Reserve for overseas
investment loss

Legal retained earnings

Capital Stock
Balance at the end of current period
Changes of items during the period
Provision of reserve for overseas
investment loss
Reversal of reserve for overseas
investment loss
Provision of reserve formine prospecting
Reversal of reserve formine prospecting
Provision of reserve for advanced
depreciation of noncurrent asset
Reversal of reserve for advanced
depreciation of noncurrent assets
Provision of general reserve
Dividends from surplus
Net loss
Net changes of items other thanshareholders' equity
Total changes of items
during the period
Balance at the beginning of current
periodShareholders’ equity
Retained earnings
Other retained earnings

Valuation difference on
available-for-salesecurities
89,396

Total valuation andtranslation
adjustments
6
89,403

Deferred gains orlosses on hedges

Total net assets
368,813
－
－
－
－
－
－

(11,095)

31(11,063)－(2,286)(8,721)(11,063)(11,095)
78,30031
38(11,063)
78,339(22,070)
346,743(Amounts truncated to millions of yen)14

(11,007)

Guidance on the Exercise of Voting Rights via the Internet
1. Matters to be acknowledged when exercising voting rights via the Internet
When exercising voting rights via the Internet, please acknowledge the following matters before exercising
the rights.
(1) Exercise of voting rights via the Internet is only possible by accessing the website (see URL shown below)
designated by the Company for the purpose of exercising voting rights. Please note that a code for the
exercise of voting rights and a password provided at the bottom right side of your Voting Rights Exercise
Form enclosed with the convocation notice are necessary for exercising voting rights via the Internet.
(2) The code for the exercise of voting rights and password provided this time are effective only for this General
Meeting of Shareholders. For the next General Meeting, a new code and a password will be issued.
(3) If you exercise your voting rights both in writing and via the Internet, we will only accept the exercise ofyour voting rights via the Internet as valid.
(4) If you exercise your voting rights more than once via the Internet, we will only accept the last exercise ofyour voting rights as valid.
(5) Any access charge to be paid to a service provider, communication charge to telecommunications carriers, orother costs relating to the Internet shall be borne by shareholders.
2. Instructions for exercising voting rights via the Internet(1) Access http://www.it-soukai.com/ or https://daiko.mizuho-tb.co.jp/.
The above URLs are unavailable for access between 3:00 a.m. to 5:00 a.m. during the exercise period.
(2) Enter your code for the exercise of voting rights and password, and click the “Login” button.
The code for the exercise of voting rights and password are provided at the bottom right side of your Voting
Rights Exercise Form enclosed with the convocation notice.
(3) Exercise your voting rights by following the guidance on the screen and registering your approval ordisapproval of each proposition prior to 5:35 p.m., Monday, June 24, 2013.
3. System requirements
To exercise your voting rights via the Internet, you will need to have the following systems:◎ Personal computer
Windows® computer
Please note, for some mobile phone units such as smartphones, there is no guarantee of proper operation,and service may not be available.
◎ Browser
Microsoft® Internet Explorer 5.5 or higher◎ Internet environment
An environment in which access to the Internet is available is necessary. (for example, through a contract
with an Internet service provider)◎ Monitor resolution
1024 x 768 or higher is recommended.
(Note) Microsoft and Windows are registered trademarks or trademarks of Microsoft Corporation in the U.S.
and other countries.
4. Security
You may exercise your voting rights safely due to the encryption technology (SSL 128 bit) used to protect
your voting information from being tampered with or stolen.
The code for the exercise of voting rights and password provided on your Voting Rights Exercise Form areimportant to verify that the person voting is a genuine shareholder. Please maintain them as strictly confidential.
In no event will the Company ask you your password.

15

5. Inquiries(1) For exclusive inquiries about how to exercise your voting rights via the Internet, etc.
Internet Help Dial, Stock Transfer Agent Department, Mizuho Trust & Banking Co., Ltd.
Phone: 0120-768-524 (toll free)
Hours: 9:00 a.m. to 9:00 p.m., excluding Saturdays, Sundays and national holidays(2) For inquiries other than those above (1).
Transfer Agent Department, Mizuho Trust & Banking Co., Ltd.
Phone: 0120-288-324 (toll free)
Hours: 9:00 a.m. to 5:00 p.m., excluding Saturdays, Sundays and national holidays[To Institutional Investors]
Institutional investors may use the electronic platform for the exercise of voting rights operated by ICJ Inc. if you
apply in advance.
###

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